Answer: The correct answer is "A. Choice (b) describes an externality. The advertising blimp imposes a cost on the motorist that is not accounted for in the market price of advertising. The restriction on coffee exports has market effects, which are not externalities. ".
Explanation: Choice (b) describes an externality. The advertising blimp imposes a cost on the motorist that is not accounted for in the market price of advertising. The restriction on coffee exports has market effects, which are not externalities.
An externality is a situation in which the costs or benefits of producing or consuming a good or service are not reflected in its market price despite having an external impact.
In case A, the situation is reflected in the market price, while in case B, the external situation, despite having an impact, does not affect the market price.
Answer:
B
Explanation:
The Lower of Cost or Market Value Applies to the closing inventory and should be value at $103,700 Cost, which is the lower.
The answer to this question is <span>assets decrease; stockholders' equity decreases
The journal for this transaction would be
Debit: Rent expense xxxxx
Credit: Cash xxxx
Since cash is considered an asset, it will decrease asset if it placed on credit.
Since expense will reduce net income that will be allocated to stockholders' equity, it will reduce stockholders' equity when placed on debit </span>
Based on the information given the amount of the transfer taxes is $476.
Using this formula
Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax
Let plug in the formula
Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2
Total transfer tax = ([$474,000 x .001] + $2)
Total transfer tax=$474+$2
Total transfer tax=$476
Inconclusion the amount of the transfer taxes is $476.
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